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Felipe
Felipe is married to Denia, who is a businesswoman.The couple have been blessed with six children. Four of their children are married, while the other two are still studying.

Felipe is a hog raiser and farmer within his local community. By this time, he has raised many hogs for fattening: two sows and 10 piglets. He is very grateful because whenever he gets rid of some of his hogs, he immediately replaces them with new hogs. With his strategies in his livestock business, he is able to obtain more hogs to raise. Since his livestock business has grown, he is also in need of greater capital to supply his livestock needs, such as hog feed and vitamins to ensure them proper growth. Thus, he decided to seek a bigger loan amounting to PHP 40,000. He hopes that his business will continue to grow so that he could let his two children finish their studies and be able to give them a comfortable lifestyle someday.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $1175
    Average annual income
  • 1340
    View loans »
    Philippines Loans Fundraising
  • $56,542,450
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Felipe to buy livestock feed and vitamins for raising hogs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 13, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013